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Search Results 0 to 49 of about 513 (some duplicates have been removed)
monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone is happy. some have asked whether the price is justified at that time when the eu is mired in economic and financial -- the prize is justified at that time when the eu is mired in economic and financial crisis. desmond tutu says it is an organization based on military force. >> coveted award was accepted with pride by the eu's 3 president, martin schulz, herman van rompuy, and jose manuel barroso. the standing ovation they received was a rare accolade for the eu in these tough economic times. >> in light of the financial crisis that is affecting so many innocent people, we can see that the political framework in which the union is rooted is more importan
culture but to kick start it. it was really just a few months ago that the ambassador ofity italy came through and talk about this wonderful thing they were to do to celebrate year of italian culture but transfer that to our country of the united states so i know they're going to start those events in washington dc with their celebrations but let us san francisco celebrate -- mayor aleato and our wonderful history here and allow us to do a preliminary launch and so that's what we're attempting to do tonight and celebrate with you this launch of italian culture. it's very meaningful for us to did that year. we have a lot to celebrate. let me just say that painters, scrptdures, poets, musicians, designers, mathematicians, great architects of the italian country have come here to san francisco. we have experienced so much of the italian talent here in san francisco. that's why we wanted to be celebrating here and i am so glad to be joined not only by senator leno and assembly man amaino and david chiu and scott wiener as well. they all want to get in on this great celebration because
headlines from around the world. political turmoil in italy sending european stocks lower. italian banks leading the way down as mario monte keeps investors guessing in whether he'll run against sylvia berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he
moment in italy. berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> oh, definitely. not just today, but specifically over two months. elections will only be held probably on february 24th. we've got about two months of the silly campaigning season to follow. so yes, as you said, the verbal exchange is definitely heating up. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also for all of the people in italy who have the freedom to vote. this morning, he did an interview with one of the channels here in italy and he said, i don't really care about this spread because the spread is based on fraud. that's the direct translation. meanwhile, if you take a look at the spread, they are moving higher again. 4.9%. italian equity markets are mov
. it is reaffirmation of the enduring bonds between the united states and italy and tribute to our history as partners and allies and marker of our shared value and heritage. our ties are embedded in the very root of the american story. america is discovered by the italians and named by an italian and built by thousands of italians and our community representing literally millions of bridges between the countries. through research and innovation italy will remain a bafton of creativity and beautiful. may our common history and sustained by our common values and common faith in the future continue to grow and flourish. with warmest regards, nancy pelosi". thank you very much. [applause] >> so mayor lee, senator leno, state assembly member and leaders and ladies and gentlemen. it's a real honor for me to celebrate with you today the start of the italian culture in the united states. nancy pelosi was with our foreign minister in washington dc, but san francisco is the first major city after washington dc that follows suit, that follows washington dc, so again a little like the giants that want to
stocks trading in positive territory. the surprise resignation of italy's prime minister offset by a good report on mcdonald's sales. checking the major averages this hour, the dow is up 27 points. the nasdaq is up 14, the s&p up two. italy's prime minister, the man credited with restoring confidence in italy's shaky economy has resigned. italy's stock index dropped 3%. there was a ripple effect in the u.s. and european markets earlier. monty said he can't leave the country after losing the support of sylvio berlusconi's party. apple stock is back around $531 a share after a leading investment firm, jeffreys, cut the future price target by $100. a leading analyst says smart phone saturation may lead to slow growth in the coming years. the new price target is $800 per share as opposed to 900. apple stock is down 25% since the record close above $700 a share in september. and the world's biggest hamburger chain, mcdonald's, saw sales increase 2.4% at restaurants open more than a year. growth was bigger than expected. breakfast items and limited time only cheddar bacon and onion sandwiches b
. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we fin
's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, given that we now seem to be a clashing of heads between the republicans and the demo
of italy elected three times even though as they say in rome, he was corrupt. >> the italian prime minister is no stranger to scandal. charges of bribery, corruption and embezzlement. >> officially guilty of tax fraud. >> sentenced to newshour years in prison for tax fraud. >> a serial flanderer. >> tales of lavish orgies. >> notorious all night so-called bunga-bunga parties. paying for sex with an underage prostitute. >> he was saying he could haven't sex with 11 women so instead he had sex with eight women. (laughter). >> jon: a man who had sex with eight women. that's the worst bond villain ever! (laughter) and if you pull one of them off, you just grow back. last november with the italian economy tanking, voters replaced berlusconi with his polar opposite, mario monti, an academic economist who promised to balance italy's books with strict austerity measures. that's not an easy choice. the country basically deciding it would be better to live with its hard-ass stepfather even though its real father was outside revving up his alfa romeo promising to take everyone to a strip club for pros
like san francisco as often as we can. >> uh-huh. >> and we have a house in italy when we -- that we go to. >> we'll get to that in a second. >> okay. >> first of all, michael, this is -- . >> yes. >> this is your first novel. i didn't finish it and i'm like -- there is a lot of stuff in here i'm thinking oh, oh, he wrote that about them. that is true, sounds like them d. you ed it yourself a bit -- edit it yourself as to what went? or do you have to live with it? >> i wrote the book, a mantr awhile writing the book was no one will ever read this. [ laughter ] that kind of frees you up. >> uh-huh. >> and it's, you know, a lot of the stuff in the book is fiction. it's fiction. >> uh-huh. >> it's not about mike and jill, it's about her being annie and there are a lot of similarities between her being annie. >> there are. there are actors, they're in new york. >> uh-huh. all of that is the same. >> she has cancer. >> uh. that is the same because it gave me, you know, a wonderful world of things to draw on, to make the book real. >> uh-huh. >> and then the great thing about writing fiction
a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp o
the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under seve
just that. share prices in italy have fallen sharply as investors reacted to in the news that mario monti intends to resign. berlusconi hopes to stage a comeback. >> stormy political weather ahead for italy. suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusco
rome. >> available to lead italy again, if needed. on sunday, italy's former prime minister mario monti announced his plans after his resignation. >> i am not joining any specific party, but i would like the parties to take home these ideas. these ideas or any other ideas. we need to come up with ideas. and i hope the ideas here, contained in the manifesto, will be adopted by the vast majority of parliament. >> he will not run directly in the next election or side openly with any parties, but he says he would be ready to leave the country again. on one condition -- the next ruling party follow the strict plan of reform set to bring italy back onto the path of economic growth. monti was forced to resign on friday after former prime minister's silvio berlusconi's party withdrew its support. been criticized his pledge -- they criticize his pledge to retract some taxes he had budgeted last year. he returned here to the official prime minister's residence. whether he will be here after the election depends on whether the coalition allows him to finish the job. >> he has the capability to be
please. >> [inaudible] you mentioned sustainability. do you define italy as a green country and what do those efforts mean for san francisco. >> yes, definitely. i see that. i am happy while being in san francisco there is such an amazing attention to the environment. people are very environment conscious and i see community aggregations also to have renewable energy. it makes me very happy because in italy we have been following this path for a very long time. for example in the first six months of this year we installed photovoltaic panels larger than the united states all put together. it shows you the extent of the revolution happening. i am sure italian companies will be happy to work with the local institutions that have started to generate projects that will somehow go in that direction, and also we want to have parties and communication activities to show the people in the street that it is important to have sustainable behaviors and not to leave a carbon footprint behind us. >> [inaudible] >> yeah, if i understand correctly because -- you said about the innova
about this, kind of what like goes on in italy and show you how much we are to european style. >> neil: and don't drag our people down. >> i'm telling you, neil, people who stay with their parents. a term for italy who does this and they do this. >> neil: you're out of money. >> unemployed, underemployed and get paid your welfare payments and party every night and it's kind of where we're going and i think this is a direct correlation, and i think-- >> and you could have cited any other country on earth, but you had to go-- >> you know what. >> and you could have gone after france, but no, no, mother italy. charles, charles. >> firsthand experience. >> a lot of it points to a serious insecurity and you know, kids gone directly from college with the parents and sometimes may even have a job, but everyone is so intimidated by the economy or such a lack and i don't care what the polls say, people are worried about this, we have mcmahons reconfigured and i was going to sell my home, me and my wife and become a snow bird and that's not happening. it's worrisome. i know a guy who is actually
every day green grapes but to tony tantillo, they're the taste of italy. here's tony with the tip of the day. >> today's tip of the day has to do with italian grapes. they're being grown in italy and imported spoot u.s. i love these -- into the u.s. they're the number one sold grape variety are the mus cat grapes. you want to make sure they're nice and big like this all the way around. a slight amber color to them. that's when they're at their best. when you bring them home, store them in the refrigerator. buy them and enjoy them within two or three days. i love the flavor. they have a couple of seeds. big deal. don't let that deter you from buying them. enjoy them. it's like eating, it's like having italy at your table. and i'm tony tantillo, your fresh grocer and remember to eat fresh and stay healthy. i really do love these grapes. >> he does love them. >>> a bizarre juvenile court sentence is catching the attention of the aclu. >> an oklahoma teen was sentenced to attend church every sunday for 10 years straight. the judge handed down the sentence after the teen was convicted
makes me very happy because in italy we have been following this path for a very long time. for example in the first six months of this year we installed photovoltaic panels larger than the united states all put together. it shows you the extent of the revolution happening. i am sure italian companies will be happy to work with the local institutions that have started to generate projects that will somehow go in that direction, and also we want to have parties and communication activities to show the people in the street that it is important to have sustainable behaviors and not to leave a carbon footprint behind us. >> [inaudible] >> yeah, if i understand correctly because -- you said about the innovation -- if we? >> [inaudible] >> yeah, okay. well, we're going to have in the museum of computer science in mountain view an exhibition show casing what italians have done to create silicon valley. i mentioned one person but there are many other examples. along with that we will have a big conference with italian innovators and venture capitalists and along with large hi
of europe's economic troubles. those same critics are pointing at italy. what does this say about investors? >> it says that investors are selling bonds. that's why the yields are going up. it also implies these same people are getting cautious, incrsing cautious er the country. he says he will resign once the next budget bill is passed. the rates had been easing for about a month. the key index on the milan stock exchange plunged by nearly 4% ending the day with a 2.2% drop. the euro was traded lower against the dollar and the yen. the future of italian politics is now more cloudy. the announcement doesn't seem to have caused nu ed much trouble investers outside of italy. >>> over in the united states president obama said he is ready to compromise before plunging over the fiscal cliff. >> people have a lot of views. i'm willing to compromise a bit. we asked the wealthy to pay a higher tax rate and that's a principle i won't compromise on. >> he said he could make some concessions so he can take tax cuts for the middle class. some republican lawmakers may agree to higher tax rates for the w
of italy's companies is with us sounding the alarm and best buy back to its losing ways after surging 16% yesterday. find out if you should pick up the stock at these levels. you're watching "closing bell" on cnbc, first in business worldwide. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back, the fiscal cliff deadline in the united states is not jus
. for example, on industrial orders and sales in italy, orders flat on the month, down .2 on the month for sales and down nearly 5% on the year. so confirming some of the weakness that we know we've seen previously in the italian economy. meanwhile, another gauge perhaps for the euro as we look to the strength of it lately. that's the current counselor plus which in october was an adjusted 3.9 billion euros, up quite a bit from the 2.5 billion reported for september. now that also comes after -- a day after the european union's report suggesting that in fact the european union would have to run a surplus, given its poor demographics over the next couple of years. now let's get a quick preview of the news. for that we head to patricia, awaiting the results. what do we expect to see? >> reporter: we're expecting the second consecutive month to the upside for the business sentiment next year in germany. november was a surprise after six months to the downside. we expect december to book in a little increase again, but important is here, not only the expectation part of the index but also that we ge
secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is saying. >> they're saying saudi arabia figures saying we produce less. now the i.a. saying they produc
worked in italy-- nicholas poussin and claude lorraine. turner followed claude's example by ennobling landscapes with historical or mythological figures. he made frequent visits to wales. as he moved further into the mountains, he found subjects that were central to one of the most powerful elements in late 18th century british aesthetic thought-- the sublime. ♪ the idea of the sublime, embodied by the overpowering majesty of nature's grandeur, was an idea popularized by the philosopher edmund burke. for burke, contemplating that grandeur-- either directly or in paintings-- overwhelmed viewers with feelings of fear, awe and exaltation. it also had a moral element, emphasizing man's insignificance and humility in the face of the terrifying forces of nature. the fascination with the sublime was an international phenomenon that intrigued many artists of the time-- inspiring philippe jacques de loutherbourg's terrifying alpine avalanche... joseph wright's spectacular vesuvius... and caspar david friedrich's transcendent image of a wanderer contemplating the infinite. turner's interest i
through the first ter. there will be a rocky road possibly driven by news from italy in the latter part of february. so i'd be long now, but i would -- on that position. >> and we'll get into more of on that in just a minute. allen will stay with us. if you have any questions, send them in. worldwide@cnbc.com. if you want to share your thoughts, say hello here on this quiet christmas week. we would appreciate that, too. >>> a ja toyota has agreed to settle a class action lawsuit. customers brought the case against toyota claiming certain models accelerated unintentionally. 16 million vehicles will be covered by this action. it includes the camry and corolla. the nikkei generally speaking was higher this morning. >>> the season of good will seems to have tech firms bye. this amid claims that ericsson breached a number of samsung patents. >>> now let's check in on markets. it's time to look at the heat map. and we have green, more green than red on the board today. by three to two, gainers outpacing losers. now, europe was closed yesterday. there was trading in the u.s. it was a weaker se
passage of the 2013 budget. the move raises political concerns over italy in the midst of the eurozone crisis. monti has been credited with keeping italy's debt crisis under control. the japanese economy has some gross domestic problems. japan's gdp has contracted two quarters in a row, signaling it has entered recession. a recent territorial dispute with the chinese government and struggles following last year's tsunami continue to hurt japan's export market. an election next week in japan could have a large effect on fiscal policy. reports say delta is close to landing a deal that will give the airline a 49% stake in virgin atlantic. bloomberg reports talks between delta and singapore airlines, which is looking to sell its stake in virgin, are advancing. the deal is estimated to cost between $300 and $500 million. it could mean a step up for delta's business, due to virgin atlantic's high volume of premium passengers. apple and google reportedly are forming a rather odd alliance. the two rivals are making a joint bid for a bundle of kodak patents. according to bloomberg news, the com
pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >> my good friend explained his position at such great length and with such a motion because he has a feeling he is in the wrong. >> the ongoing disputes about energy and trade are taking their toll on the you-russian relations. >> italy's prime minister has resigned. this move paves the way for elections to be held as early as february. mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been les
midnight in italy, but because of the pope's health and to give him time to rest before he delivers the christmas day message, this year, the ceremony began at 9:00 gmt, and that would be 10:00 in italy, which was just about one hour ago. the pope conducting this mess and also lighting the candle of peace, which he did earlier and put on the balcony of his apartment window, which overlooks st. peter's square. this is one of the largest churches anywhere in the world. there are tourists and dignitaries and obviously lots of clergy as well. just to say that it is midnight mass even though is not midnight, but this will give the pope's some time to rest before he gives the christmas day speech from the balcony. let's have a look at some other news. a gun attack in the united states which has left others grieving, and two firefighters were killed as they responded to a blaze in upstate new york. the governor of new york state has called what happened in at the small town a senseless act of violence. it comes just 10 days after a shooting killed 26 people at a connecticut primary school.
. mario monti resigned months before the end of his term. he handed his resignation to italy's president shortly after the lower house of parliament approved his one-yearlong government. >> my words will be with every probability the last act and the last words before those who where i formerly hand in my resignation to the head of state. thank you very much to allow me to conclude with you this difficult but fascinating 13 months. >> monti announced he will resign after the people of freedom party. >> in less than two weeks of dialect, we have already gained five percentage points. so i hope we can aim for the 40% that could give us the victory. monti's future is still unclear. will he go back to being an economist or endorse parties that pledge to continue with his plan, reform. the former prime minister is expected to reveal his choice during a press conference on sunday morning. >> we expect mario monty to expect the decision over his future. that's where we will learn that friday was the last day as monti as politician or whether he will try to play an active card in italy's politic
return to india to face trilobite generated. >> italy's president is here after monti stepped down. the election will take base at the end of february. they have criticized a cog -- they have criticized its. >> we have stressed that as we're going toward a government that has not been elected, this government will have to keep them independent and separate as possible. >> italy deserves a new stage on the basis of the tough sacrifices and they have made over the past year in order to come out from the abyss of berlusconi's government. the government should be inspired by very simple rule, who has more has to give more. who has less has to give less. >> pope benedict has made a surprise visit to the jail holding his a former butler for stealing and linking his private documents. it is allowed to return to his family. >> it is the season of good will and the christian world. nowhere -- nowhere more so than the vatican. there is one of the biggest pre digit -- security breaches in living memory. he stole an elite vast numbers of private documents. pope but it made a visit to the jail
Search Results 0 to 49 of about 513 (some duplicates have been removed)

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